Short Sale Process Wells Fargo. Lisa Jefferson explains Short Sale Process for Georgia Sellers

July 22, 2012 - PRLog -- Short Sale Process Wells Fargo

If a homeowner owes more on their property than it is currently worth, then they should call Lisa Jefferson, Certified Short Sale Agent in Georgia to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.
Find out if you qualify. http://www.GeorgiaShortSaleHelp.com

What is a Short Sale?

With a short sale you may have the option to sell your home for less than the amount owed on your mortgage. By doing this, you may be released from your obligation to pay back your primary mortgage under its original terms. And as your mortgage servicer, Wells Fargo Home Mortgage may accept the proceeds of the sale as payment in full.
This option can help you avoid a foreclosure sale and may be considered even if the foreclosure process has started.

Depending on your situation, you may be eligible for a short sale through the federal government's Home Affordable Foreclosure Alternatives program, or through a different program.

What to expect when you Short Sale your home

As the homeowner, you:
-Avoid a foreclosure sale — in some cases the foreclosure sale may be postponed once a written, signed offer is received and approved by Wells Fargo Home Mortgage
-Can live in your home until the new owner closes, giving you time to make other living arrangements
-May be released from your obligation to repay your mortgage balance.

Do you Qualify to Short Sale?

For homeowners to qualify for a Wells Fargo short sale, they must fall into all of the following circumstances:

-Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
-Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
-Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

Free Short Sale Help in Georgia

Take advantage of a Certified Short Sale expert to help you avoid foreclosure today. Contact Lisa Jefferson, Broker, Certified Short Sale Agent, CDPE. http://www.GeorgiaShortSaleHelp.com 678.480.5054.